Motivated vendor seeking a prompt sale - business and freehold available separately or together.
A&M Motors is a long-established mechanical workshop in Winchester, South Canterbury, positioned on State Highway 1 between Timaru and Ashburton. It services a broad rural and commercial catchment with established demand across trucks, trailers, commercial vehicles and passenger vehicles.
Stand out opportunity
• More work is available than the current operation can complete, creating clear scope to add at least one, and potentially two, staff members.
• The business is currently run by two working owners, Kate and Dwayne.
• Turnover has exceeded $1 million in each of the three financial years reviewed.
• The average EBPIDT of approximately $279,835 after allowing for adjustments and an administration wage adjustment shows great profitability for the asking price.
• Limited direct competition and a strong regional reputation support the established customer base.
The vendor is motivated to achieve a sale. Buyers who are ready to engage and progress due diligence are encouraged to make contact promptly. The opportunity is presented positively and on its merits, with the vendor's timing creating an incentive for a timely, well-supported offer.
The freehold property provides a compelling investment in its own right, generating $82,000 per annum in rental income from two tenants:
• A&M Motors - $35,000 p.a.
• Front service station (separate owner) - $47,000 p.a.
Asking Prices:
• Business (including stock): $380,000
• Freehold property: $1,250,000
Contact Mark Talbot - 027 204 3625.
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